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Kyneton leads real estate price boom

Midland Express Angela Crawford 29 Feb 2016, 2 p.m.

Kyneton is leading a local real estate price boom, recording regional Victoria's largest capital growth for the past five years. Photo: Matt Henderson


(Above: Kyneton is leading a local real estate price boom, recording regional Victoria's largest capital growth for the past five years. Photo: Matt Henderson)


Kyneton is leading a local real estate price boom, recording regional Victoria's largest capital growth for the past five years.


The latest data from the Real Estate Institute of Victoria shows Kyneton's median house price rose 39 per cent during the past five-year period to a median of $466,000 in September 2015, up from $335,500 in September 2010.


House prices in Gisborne have had a slower but steady increase, rising 25 per cent during the five-year period to a median house price of $587,500 in September 2015, up from a median of $470,000 in September 2010. 


Woodend saw nine per cent growth in median house prices across the same period. The town had a median house price of $587,500 in September 2015, up from $538,500 in September 2010.


Helen Jens, director of PRDnationwide Kyneton, said while Gisborne and Woodend had experienced their growth about 12 years ago, Kyneton was now catching up.


"Money magazine recently put Kyneton as number one, Gisborne as number two and Woodend as number three for investment in regional Victoria," Ms Jens said.


"It really is becoming the talk of the real estate world."



Extract from: http://www.elliottmidnews.com.au/story/3758753/kyneton-leads-real-estate-price-boom/